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Tracy company sold 100 units to Thomas company on November 17, 2021. The units have a list price of $760 each but Thomas was given a 25% trade discount. The terms of the sale were 2/10, n/30.

3a : prepare the journal entries to record the sale on November 17 (ignoring cost of good sold) and collection on November 26, 2021 assuming that the net method of accounting for cash discounts is used.

3b : prepare the journal entries to record the sale on November 17 (ignoring cost of good sold) and collection on December 15, 2021 assuming that the net method of accounting for cash discounts is used.

3a Journal questions to record:

1)

Record the sale of 100 units with a list price of $760, a 25% trade discount (if applicable), with terms of 2/10 and n/30 under net method

2)

Record the cash collection on November 26

3b Journal quesroons to record

1)

Record the sale of 100 units with a list price of $760, a 25% trade discount if applicable, with terms of 2/10, n/30 under the net method

2)

Record the cash collection on December 15

Required information the following informacion pales to the questions delayed below Tracy Companyameructure of ar conditioner, old 100 units to Thomas Company on November 17 2021 The units have a list price of $760 och but Thomas was given a 25% trade discount. The e ofise were 20,30 3.e. Prepare e jomfentes to record the sale on November 17 onore cost of goods and collection Go November 26, 2021, suring thet beteethod of accounting for cash counts on 3.6. Prepare the joomal entries to record the sale on November 17 Ognore cost of goods and colecco on December 15 2021 assuming that the nethod of accounting for cash discounts used Complete this question by watering your answers in the tabs below. 14 Ree 39 Prepare the joumal tries to record the sale on November 17 (ignore cost of goods and collection on November 20, 2021. surring that the net method of accounting for cash discount is used the entry is required for wintelectual entry reguleeritne tirst account ind VWstions Journal entry worksheet HH that record the November 12 connected and clexion November 26, 202, at the method of accounting for cash country led for events M l mI H Journal entry worksheet KO Her the 100 units with a list pris, 25 trade dicunt uppe with term of 2/10, 1/30 under the net method Com Debit Credil Net Becord entry Clery View general Pare the journals to record the sale on November 12 ore cost of goods and collection on ters, 2001, the method of accounting for cash discount is used in any for transaction wedstry the first count field) Views Journal entry worksheet BA wce the journal entries to record the sale on November 17 Conore cost of ode) and on December 15, 2011, that therethod of accounting for cash discount is used for a transactionnectomy the field) Verwall Journal entry worksheet 2 cord the sale of 100 is with a list price of $760,25 trade dcount applicable with terms/30 derthene method Get Da November 17 2005 Record Cowy View